About 1155-1157 Pleasant Street
Exceptional mixed-use investment opportunity featuring four buildings and a large parking lot with abundant off-street parking. The portfolio includes a 10-unit building (2 commercial, 8 residential), a 4-unit building (1 commercial, 3 residential), a 4-family, and a 6-family, totaling 36 bedrooms comprised of one 3-bedroom, thirteen 2-bedroom units, three commercial spaces, and the remaining 1-bedrooms. Current gross income is $365,400 annually, offered at an 8.2% cap rate. Clear path to approximately 11.5% cap at market rents through modest increases, creating significant value-add upside. Commercial tenants include Metro PCS and a tattoo studio, providing stable income alongside strong residential cash flow.
Pricing and availability subject to change.
Amenities
| Utilities |
for Gas Range
|
| Parking Spaces |
17
|
| Parking |
Paved Drive, Leased, Assigned
|
| Is Waterfront |
No
|
| Has Pool |
No
|
Interior
| Fireplace |
No
|
| # of Stories |
5
|
| Stories |
5
|
| Has Basement |
Yes
|
| Basement |
Full
|
Exterior
| Exterior Features |
Rain Gutters, Other
|
| Lot Description |
Corner Lot, Other
|
| Roof |
Shingle, Rubber, Other
|
| Construction |
Frame
|
| Foundation |
Other
|
